GPG lands $1.3B financing with global legal support
Pérez-Llorca, alongside several international firms, played a key role in advising on a major dual-tranche financing package totaling up to USD 1.3 billion and MXN 3 billion for Global Power Generation (GPG), the global renewables arm of Naturgy Group. The transaction is supported by Naturgy and the Kuwait Investment Authority.
The funding, provided by a syndicate of 17 international financial institutions, is intended to refinance existing liabilities tied to GPG’s portfolio of energy assets across Latin America, reinforcing its regional footprint in the renewable sector.
Pérez-Llorca advised on both Spanish and Mexican legal matters. The Madrid-based team was led by partner Ildefonso Arenas (pictured center), with support from associate África Rodríguez. In Mexico City, partners Rodrigo Rojas Robleda (pictured right) and Antonio De Lisi Martínez (pictured left) spearheaded the local law advisory, assisted by associates María José Sánchez Aldana and José Alfonso Fernández Casares.
The lender group turned to Weil, Gotshal & Manges for counsel, with finance partner Simon Caridia leading a team that included Andrew Lauder, along with associates Sagarika Sridhar, Maya Sajeev, and Anthony Nwokenna, and trainees Greg Berces and Elizabeth Demuren.
On the borrower side, GPG received legal guidance from Clifford Chance and Creel, García-Cuéllar, Aiza y Enríquez, rounding out a transaction that highlights continued investor confidence in Latin America’s renewable energy market.
